Facing up to the falling dollar

November 29th, 2007 by GoldSilver | Posted in Economic News |

Don’t panic just yet. But watch out for Washington’s attempts to ‘rescue’ the dollar.

The precipitous drop in the dollar’s value has set off alarm bells around the globe. Will China dump its massive hoard of dollars? Will OPEC stop trading oil in greenbacks? Will Persian Gulf states break their peg to the dollar? How low will the dollar go?

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